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Don’t Overlook This Trash Stock

Fundamentals, technicals and solid dividend make Waste Management a top pick


Waste Management Inc. (NYSE: WM) — The largest trash hauling/disposal company in the United States is a model for consistent growth with earnings increasing steadily over many years. The company pays an annual dividend of $1.36 for a yield of 3.54%, and S&P has a “four-star buy” on the stock.

Technically, WM is in a powerful bull channel with support at $37. The resistance at $38.50 was broken with a dramatic thrust through a quadruple-top. Note the accumulation of positive (green) volume and the high volume on the breakout. These are all confirming signs that the stock is headed much higher.

Buy WM as a long-term growth opportunity or with a shorter-term trading target of $45.

Trade of the Day - Waste Management (NYSE: WM)

Trade of the Day Chart Key

If you have questions or comments for Sam Collins, please e-mail him at samailc@cox.net.

Article printed from InvestorPlace Media, http://investorplace.com/2011/04/trade-of-the-day-waste-management-nyse-wm/.

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